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Law Lawsuits

  • Feb 6- A company that operates red-light traffic cameras will pay Chicago $20 million to settle a lawsuit arising from a bribery scheme between the firm's former chief executive and a city transportation official, officials said on Monday. The city's settlement with the firm and its Australian parent company, Redflex Holdings Ltd, ends Chicago's civil...

  • NEW YORK, Feb 3- The U.S. Securities and Exchange Commission on Friday dropped its case against two former executives at now-defunct home lender Thornburg Mortgage Inc in a lawsuit brought in the wake of the 2008 financial crisis.

  • People take pictures in front of the Snapchat headquarters in Los Angeles.

    Reggie Brown sued the company in 2013 alleging that Snapchat was using his intellectual property.

  • CHICAGO, Feb 2- A group of U.S. chicken farmers sued the country's biggest poultry processors, including Tyson Foods Inc, for allegedly conspiring to depress their pay, the latest accusation of improper collusion in the sector. "We want our contract farmers to succeed and don't consult competitors about how our farmers are paid," Tyson spokesman Gary Mickelson...

  • CHICAGO, Feb 2- A group of U.S. chicken farmers sued the country's biggest poultry processors, including Tyson Foods Inc, for allegedly conspiring to depress their pay, in the latest accusation of improper collusion in the sector. Tyson, Pilgrim's Pride Co, Sanderson Farms Inc and other companies illegally agreed to share detailed data on grower pay with one...

  • NEW YORK, Feb 2- Macy's Inc has settled its lawsuit accusing J.C. Penney Co of interfering improperly with its exclusive merchandising agreement with Martha Stewart Living Omnimedia Inc.. New York State Supreme Court Justice Jeffrey Oing in Manhattan ordered the case's dismissal this week, following a joint request from Macy's and J.C.

  • Feb 2- Health insurer Cigna Corp, which is waiting for a ruling on the U.S. government's lawsuit to block its acquisition by Anthem Inc, reported a 3 percent rise in quarterly operating revenue on Thursday, as it added new members. The company said net income fell to $382 million, or $1.47 per share, in the fourth quarter ended Dec. 31, from $426 million, or $1.64 per share, a...

  • NEW YORK, Feb 1- JPMorgan Chase& Co will pay $797.5 million in cash to end all litigation brought on behalf the former Lehman Brothers Holdings Inc, whose September 2008 collapse triggered a global financial crisis. Bankruptcy Judge Shelley Chapman in Manhattan. It follows JPMorgan's agreement last January to pay $1.42 billion in cash to resolve most other...

  • WASHINGTON, Feb 1- As a lawyer in private practice for a decade, President Donald Trump's U.S. Supreme Court nominee Neil Gorsuch often fought on behalf of business interests, including efforts to curb securities class action lawsuits, experience that could mould his thinking if he is confirmed as a justice. Gorsuch, a conservative federal appeals court judge...

  • Feb 1- A U.S. jury in Texas on Wednesday ordered Facebook Inc., its virtual reality unit Oculus, and other defendants to pay a combined $500 million to ZeniMax Media Inc., a video game publisher that says Oculus stole its technology. The jury in federal court in Dallas found Oculus, which Facebook acquired for about $2 billion in 2014, used ZeniMax's computer code to...

  • Feb 1- A U.S. jury in Texas on Wednesday ordered Facebook Inc., its virtual reality unit Oculus and other defendants to pay a combined $500 million to ZeniMax Media Inc., a video game publisher that says Oculus stole its technology. The jury in federal court in Dallas found Oculus, which Facebook acquired for about $2 billion in 2014, used ZeniMax's computer code to...

  • Facebook loses VR case, must pay $500M

    Facebook's Oculus lost its VR case against game maker ZeniMax, leaving the tech company to pay $500 million. CNBC's Julia Boorstin reports. With Danielle Hughes, Divine Capital.

  • The lawsuit in State Supreme Court in Manhattan accused Charter's Spectrum unit, until recently known as Time Warner Cable, of systematically defrauding customers since 2012 by promising and charging for services it knew it could not offer. Charter bought Time Warner Cable last year. "We will continue to invest in our business and deliver the highest quality...

  • NEW YORK, Feb 1- New York Attorney General Eric Schneiderman filed a lawsuit on Wednesday that accuses Charter Communications Inc's Spectrum cable unit of short-changing customers on internet speeds. The lawsuit, filed in State Supreme Court in Manhattan, accuses Spectrum of systematically defrauding and misleading internet service subscribers by...

  • SAN FRANCISCO, Jan 30- A group of technology companies plans to meet on Tuesday to discuss filing an amicus brief in support of a lawsuit challenging U.S. Alphabet Inc's Google, Airbnb Inc and Netflix Inc are among the companies invited, a separate person familiar with the situation said. The industry depends on talent from around the world, and companies have been...

  • SAN FRANCISCO, Jan 30- A group of technology companies plans to meet on Tuesday to discuss filing an amicus brief in support of a lawsuit challenging U.S. Alphabet Inc's Google, Airbnb Inc and Netflix Inc are among the companies invited, a separate person familiar with the situation said. Companies have been considering the best way to muster their resources, with...

  • Jan 30- A group of technology companies is planning to meet on Tuesday to discuss filing an amicus brief in support of a lawsuit challenging U.S. President Donald Trump's order restricting immigration from seven Muslim-majority countries, said a spokesperson for GitHub, a company that makes software development tools, which is organizing the meeting.

  • NEW YORK, Jan 30- Three of the biggest makers of diabetes treatments, Sanofi SA, Novo Nordisk and Eli Lilly& Co, were named in a proposed class action lawsuit by a group of patients alleging price-fixing. The lawsuit, filed on Monday in a federal court in Massachusetts, said the companies simultaneously hiked the price of insulin by over 150 percent during the past...

  • NEW YORK, Jan 30- Three of the biggest makers of diabetes treatments, Sanofi SA, Novo Nordisk and Eli Lilly& Co, were named in a class action lawsuit about price fixing filed by a group of patients. The suit, filed on Monday in a federal court in Massachusetts, said the companies have simultaneously hiked the price of insulin by over 150 percent during the past five years.

  • NEW YORK, Jan 30- Three of the biggest makers of diabetes treatments, Sanofi SA, Novo Nordisk and Eli Lilly& Co, were named in a class action lawsuit about price fixing filed by a group of patients.